Mount Ridley Mines Ltd MRD.AX
AUD0.04 AUD0.00 (4.76%) 1D
Last Updated: Oct 06, 12:00 AM·ASX
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Is Mount Ridley Mines Ltd Stock Halal?
Shariah Compliance Analysis of MRD.AX Stock
Australia Materials Nano Cap No. As of October 2026, Mount Ridley Mines Ltd (MRD.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mount Ridley Mines Ltd does not pass Musaffa's business and financial screening criteria.
Mount Ridley Mines Ltd. is an exploration company, which engages in precious metals and base metals such as nickel, copper, cobalt, lead, zinc, silver, and gold. The company is headquartered in Nedlands, Western Australia. The company went IPO on 2004-09-15. The Company’s Mount Ridley REE Project is located approximately 50 kilometers (km) north-east of the Port of Esperance, Western Australia, with an area covering approximately 3,400 square kilometers. The Mount Ridley REE Project comprises about nine granted exploration licenses near the south coast of Western Australia. Mount Ridley Project tenements overlay geological domains including mid-Proterozoic-aged Biranup Zone granitic rocks, Grass Patch mafic rocks and younger-aged Nornalup Zone granitic rocks. The firm also holds approximately 18% of the Weld Ranges in the mid-west of Western Australia and the areas of the tenements are prospective iron and gold.
MRD.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Mount Ridley Mines Ltd is classified as not halal.
NOT HALALMount Ridley Mines Ltd (MRD.AX) Chart
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Financial Metrics & Statements of Mount Ridley Mines Ltd (MRD.AX)
FAQ's for Mount Ridley Mines Ltd (MRD.AX)
- As of October 2026, Mount Ridley Mines Ltd MRD.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Mount Ridley Mines Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Mount Ridley Mines Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Mount Ridley Mines Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Mount Ridley Mines Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Mount Ridley Mines Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Mount Ridley Mines Ltd (MRD.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
